Travis Perkins (OTCMKTS:TPRKY) Shares Gap Down – Here’s Why

Travis Perkins PLC (OTCMKTS:TPRKY) gapped down before the market opened on Wednesday . The stock had previously closed at $8.89, but opened at $8.23. Travis Perkins shares last traded at $8.23, with a volume of 100 shares changing hands.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the company. Deutsche Bank Aktiengesellschaft reaffirmed a “sell” rating on shares of Travis Perkins in a research report on Wednesday, August 5th. Barclays lowered shares of Travis Perkins from an “overweight” rating to an “underweight” rating in a research note on Wednesday, July 22nd. One research analyst has rated the stock with a Buy rating and two have given a Sell rating to the company. According to MarketBeat, the company presently has an average rating of “Reduce”.

Travis Perkins Price Performance

The business has a 50-day simple moving average of $8.04 and a two-hundred day simple moving average of $7.82.

Travis Perkins Company Profile

Travis Perkins plc, trading over the counter as TPRKY, is a leading supplier of building materials and home improvement products in the United Kingdom. The company serves professional builders, contractors and do-it-yourself customers through an extensive network of branch outlets and online channels. Its core offerings span timber and joinery, bricks and blocks, roofing materials, landscaping products, and a wide range of plumbing and heating supplies.

In addition to traditional builders’ merchant services, Travis Perkins has expanded its portfolio to include tool hire, safety equipment and specialist services such as plant and tool servicing.